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Today\u2019s guest is Jeremy Grantham, the Long-Term Investment Strategist and co-founder of GMO. It\u2019s been about a year since we first spoke with Jeremy and given his knowledge of financial history, there are few people who are better to hear from about what\u2019s happening in the world today than Jeremy.\xa0\nWe start by touching on his investment in QuantumScape, which he saw grow to $500 million on paper and later decline by 80%. Then Jeremy shares what he thinks the societal implications will be from a huge potential write down of perceived wealth in the US if this superbubble bursts.\nHe also touches on some of his biggest concerns at the moment: the conflict between Russia and Ukraine, labor and materials shortages, poor demographics, and rising inflation.\nWhile Jeremy is frequently referred to as a bear, one of my big takeaways is his optimism and excitement to solve some of the longer-term problems faced around the globe.\xa0\xa0\nIf you want to hear our conversation with Jeremy from February 2021, click here.\n-----\nFollow Meb on Twitter, LinkedIn and YouTube\nFor detailed show notes, click here\nTo learn more about our funds and follow us, subscribe to our\xa0mailing list\xa0or visit us at cambriainvestments.com\n-----\nToday\u2019s episode is sponsored by MUD\\WTR. MUD\\WTR is a coffee alternative that supports your morning ritual without all the anxiety and jitters of coffee. Get your starter kit and free frother at mudwtr.com/meb and use code FABER for 15% off.\n-----\n\n(2:52) - Welcome back to our guest, Jeremy Grantham; Episode #286: Jeremy Grantham, GMO\n\n\n(3:32) - What\u2019s transpired in the past 12 months since he first appeared on the show\n\n(6:14) - Update on his investment in QuantumScape\n\n(12:57) - The impact of the Russian invasion of Ukraine on wheat prices\n\n(19:32) - Would we be better off with robots instead of the Fed?\n\n(22:00) - Societal implications of a possible write down in perceived wealth\n\n(25:35) - Not being able to rely on bond diversification (Ben Inker 4Q21 Letter)\n\n(26:54) - Jeremy\u2019s thoughts on commodities and emerging market value today\n\n(29:53) - Triumph of the Optimists; Credit Suisse Annual Reports\n\n\n(33:02) - Why Jeremy is as a perma-bear but largely optimistic; Reinvesting When Terrified\n\n\n(34:59) - What Jeremy is thinking about in the VC world\n\n(38:02) - Jeremy\u2019s take on nuclear power\n\n(45:38) - The cost of capital and inflationary pressures in the coming decade\n\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices